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Corneliani getting 7 million euro investment from Investcorp

Italian luxury label Corneliani is getting a 7 million euro investment from Investcorp. The company, which was hard hit by the COVID-19 pandemic, has now been thrown a lifeline by the Bahrain-based investment fund, which is creating NewCo, to invest in the label. The news was reported by WWD. Investcorp will be forming the new company and making...

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Investcorp takes majority stake in Corneliani

London - Investcorp has acquired a majority stake in luxury menswear brand Corneliani. The Bahrain-based investment fund has come to an agreement with the family-owned Italian brand which is valued at approximately 100 million US dollars. As part of the agreement, certain members of the Corneliani family will remain in the board as shareholders...